A comparison with the present] population of China will show that Jeach person uses one dollar's worth lof cotton cloth, so it is evident that the second great necessity in the livelihood of the people is dependent lon foreign material. China herself has cotton; there are many workers Jand labour is cheap; but we don't know how to stimulate industry in jcrder to get the benefits for ourselves, so" we are obliged to use foreign cotton cloth and thus send jereat decal of money to foreigners. IThis sending of money to foreigners means economic pressure, a thing that we cannot avert, and the pro-
Jblem of clothing for our people is tone that we cannot solve.
It we want the benefits for ourselves, we must solve this clothing question and decrease the amount Jof foreign imports of yarn cloth. How can this be done? During the European war, the countries of Europe and America had no cotton cloth to send to China, but it all came from Japan. At that time JJapan contributed to the allied tions all sorts of war material and made much more than by: sending cotton to China, so the great factories of Japan all manufactured, war material for the Allies, -and jonly a minority shipped yarn and jeloth to China, There was not. enough cloth in the market for the use of the Chinese, and it became very dear. Then the Chinese mer-Jehants began to speculate _and established many mills, making yarn and cloth. In Shanghai there were 8 number of factories all making money, making a profit of three or four dollars on each dollar of capital,
Text read from the printed page and cleaned; old type leaves the occasional error.